CUNA President/CEO Jim Nussle and Chief Advocacy Officer Ryan Donovan met with the Blue Dog Coalition Wednesday morning, a coalition of conservative-leaning Democrat members of Congress. Nussle and Donovan discussed the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), a bipartisan regulatory relief bill that Speaker of the House Paul Ryan (R-Wis.) indicated Tuesday that the House will vote on.
“We thank the Blue Dogs for their time and attention as Ryan and I discussed the urgent need for the kind of regulatory relief contained in S. 2155,” said CUNA President/CEO Jim Nussle. “This bill wouldn’t be where it is right now without the dedicated support of similarly minded Democrats in the Senate, and as the House prepares consideration of the bill, we will engage with members as needed to push for their support of the bill.”
S. 2155 passed the Senate in March, and would offer credit unions regulatory relief in areas such as mortgage lending, Home Mortgage Disclosure Act reporting, NCUA budget transparency, and would also protect reporters of suspected elder financial abuse and direct the Treasury to study cyber threat risks to financial institutions.
CUNA has continued its push for grassroots support of the bill, urging credit union stakeholders to use CUNA’s Campaign for Common-Sense Regulation website to contact their members of Congress to support the bill.
The Blue Dog Coalition is an official House Caucus, comprised of 18 “fiscally responsible Democrats who are leading the way to find commonsense solutions,”